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Why purchase application data is below 2008 levels

Housing Wire

We saw this happen in 2013-2014 and 2018-2019. Since the end of June, we have seen that the home seller called it quits earlier this year than usual, and now the new listing data is negative year to date. New listing data is down 5% year to date, as you can imagine. This means less demand for housing.

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Housing Market Tracker: Inventory finally rises

Housing Wire

Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. If that is the case, then this week’s gain in active inventory and new listings needs to be taken with a grain of salt until we get next week’s data. However, I will take what I can now.

Inventory 545
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How housing credit is shaping housing inventory

Housing Wire

This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. A perfect example is that the last few years, new listings have been trending between 30,000 and 90,000 per week. So inventory slowly broke lower and lower as we came into the years 2020-2024.

Inventory 518
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Is mortgage demand really picking up?

Housing Wire

While we aren’t back to the usual trend we had between 2013 and 2019, the fact that we had growth is a plus. Now, context is critical; 2023 new listings data was at the lowest levels ever and 2024 looks to be second in the book.

Mortgage 482
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September single-family housing starts reached highest level since 2007

Housing Wire

In contrast, multifamily starts fell 16.4%, to one of the slowest monthly paces since 2013, not including this past April.” Builders are gearing up for an even faster pace in the months ahead, which is welcome news for households wanting to buy a new home,” Fratantoni said. . “The former rose 8.5%

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Why higher rates aren’t crashing home prices

Housing Wire

1 story in the second half of 2022 was that after mortgage rates spiked, new listing data started to go negative year over year, which was crazy because we were already working from all-time lows. This was a big deal, and the weekly Housing Market Tracker of new listing data was all over this. Housing inventory The No.

Inventory 546
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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

Going back to 2013, I have stressed that my affordability index gets tripped up if mortgage rates get above 5.875% , and wrote about this in 2019 as we were about to enter my critical period of 2020-2024. From 2013 to 2022 I forecasted price growth every year. million in 2023. million for 2023. Housing recession.